Futu Holdings Ltd. (FHL) Technical Analysis
NASDAQ:FHL
Current stock price
FHL Technical Rating and Analysis
Taking everything into account, FHL scores 2 out of 10 in our technical rating. FHL performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- 100% of all other stocks performed better in the past year than FHL.
- FHL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FHL is lagging the market.
- FHL is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- Considerably lower volume is observed in the last couple of days.
FHL Weekly and Daily overview Charts
FHL Setup Rating and Analysis
Although the technical rating is bad, FHL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 10.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.63, a Stop Loss order could be placed below this zone.
More info and screens
FHL Support and Resistance Analysis
9.44
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.52 to 10.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 9.54 to 9.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 10.82 to 11.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.54 from a trend line in the daily time frame.
- Resistance @12.29 from a horizontal line in the weekly time frame.
FHL Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FHL is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FHL is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | FHL has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FHL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FHL is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 44.34 | NEUTRAL | The RSI value for FHL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests FHL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.89 | NEUTRAL | The Stochastics value for FHL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.53 | MEDIUM VOLATILITY | The ATR as a percentage value for FHL suggests some volalility. |
FHL Chart- and CandleStick Pattern Analysis
FHL Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:FHL (10/16/2019, 8:00:00 PM)
10.73
-0.08 (-0.74%)
Futu Holdings Ltd. / FHL TA FAQ
What is the ChartMill technical rating of Futu Holdings Ltd. (FHL) stock?
ChartMill assigns a technical rating of 2 / 10 to FHL.
What is the trend direction for FHL stock?
The current trend direction for Futu Holdings Ltd. (FHL) is Bullish.
What is the RSI signal for FHL stock?
Futu Holdings Ltd. (FHL) has an RSI value of 44.344. This indicates that the stock is currently neutral.
What is the MACD signal for Futu Holdings Ltd. (FHL) stock?
The MACD indicator for Futu Holdings Ltd. (FHL) has a value of -0.00809746, indicating a bearish trend.
What are the support and resistance levels for Futu Holdings Ltd. (FHL) stock?
Futu Holdings Ltd. (FHL) has a support level at 10.63 and a resistance level at 10.82. Check the full technical report for our detailed analysis of FHL support and resistance levels.